PrinsBank in Prinsburg, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


PrinsBank - Overview

  • General
  • FDIC Certificate #: 10191
    Status: Active
    Federal Reserve ID: 787459
    Bank Holding Company (Regulatory Top Holder): Psb Financial Shares, Inc. (RSSDID: 1495797, Location: Prinsburg, MN)
    Date Established: October 14, 1916
    WWW: http://www.prinsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 13308
    FDIC's unique #: 6530
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 31, 2010
    Last Structure Change Process Date: January 19, 2011
    Last Data Update: January 19, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 508 Third Street, Prinsburg, MN 56281
    County: Kandiyohi
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Willmar, MN (#48820)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $108.5 mil
    Equity capital: $9.2 mil
    Deposits held in domestic offices: $98.3 mil
    Return on assets (ROA): 1.50% ($1.6 mil)
    Quarterly return on assets: 0.60% ($0.6 mil)
    Return on Equity (ROE): 17.29% ($1.6 mil)
    Quarterly return on equity: 6.84% ($0.6 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.50% ($1,627.3 mil)
    Quarterly Pretax return on assets: 0.60% ($650.9 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $108,487Total assets
  • $16,750Cash and due from depository institutions
  • $16,504Interest-bearing balances
  • $4,696Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $81,619Net loans & leases
  • $1,245Loan loss allowance
  • $0Trading account assets
  • $3,774Bank premises and fixed assets
  • $218Other real estate owned
  • $0Goodwill and other intangibles
  • $108,487Life insurance assets
  • $1,430All other assets
  • $99,288Total liabilities and capital
  • $98,259Total liabilities
  • $81,499Total deposits
  • $98,259Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 107.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $750Trading liabilities
  • $0Other borrowed funds
  • $172Subordinated debt
  • $9,199All other liabilities
  • $9,199Total equity capital
  • $9,199Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $4,775Surplus
  • $4,324Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,932Income earned, not collected on loans
  • $0Earning assets
  • $571Long-term assets (5+ years)
  • $102,819Average Assets, year-to-date
  • $19,765Average Assets, quarterly
  • $102,950Volatile liabilities
  • $105,463Insider loans
  • $99,546FHLB advances
  • $106,141Loans and leases held for sale
  • $432Unused loan commitments
  • $432Tier 1 (core) risk-based capital
  • $9,155Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,434Restructured Loans and leases
  • $143Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,297Total interest income
  • $1,305Total interest expense
  • $3,992Net interest income
  • $390Provision for loan and lease losses
  • $1,774Total noninterest income
  • $0Fiduciary activities
  • $107Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,667Additional noninterest income
  • $3,828Total noninterest expense
  • $2,116Salaries and employee benefits
  • $581Premises and equipment expense
  • $1,131Additional noninterest expense
  • $1,548Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,548Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,548Net income attributable to bank
  • $0Net charge-offs
  • $1,548Cash dividends
  • $197Sale, conversion, retirement of capital stock, net
  • $673Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.76%Yield on earning assets
  • 1.42%Cost of funding earning assets
  • 4.34%Net interest margin
  • 1.93%Noninterest income to earning assets
  • 4.16%Noninterest expense to earning assets
  • 1.50%Net operating income to assets
  • 1.50%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 17.29%Return on equity (ROE)
  • 9.77%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 197.97%Credit loss provision to net charge-offs
  • 9.84%Efficiency ratio
  • 66,389Assets per employee
  • 4.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.48%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 64.44%Noncurrent assets plus other real estate owned to assets
  • 1.98%Noncurrent loans to loans
  • 2.33%Net loans and leases to deposits
  • 83.07%Net loans and leases to core deposits
  • 85.49%Equity capital to assets
  • 8.48%Core capital (leverage) ratio
  • 8.63%Tier 1 risk-based capital ratio
  • 9.20%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $102,950Average earning assets
  • $8,953Average equity
  • $91,919Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06530Prinsbank508 Third Street, Prinsburg, MN 56281October 14, 1916Full Service Brick and Mortar
    3461394Champlin Branch12011 Business Park Boulevard North, Champlin, MN 55316March 08, 2007Full Service Brick and Mortar

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